Archive for August, 2009
Commercial Real Estate York Me
Lease to purchase commercial real estate?
I am looking for a building to open a bar or club. The seller of the property has the option to rent or buy. I was hoping to establish a lease "with the intent to purchase" agreement. If the sale price of property is $ 250,000, which is a reasonable rental cost? Who pays for improvents to convert the interior and exterior? Who pays property taxes and insurance the building? Do I get discounts for permanent improvements which gives the building (such as adding a bathroom, a bar, DJ booth)? Will it be difficult to obtain permits, if not the owner of the building? What are the sources of content or "lease to purchase" contracts? And matters worse, the building may be historic and reside in an "Empire Zone" (New York area to satisfy the project Enterprize, tax breaks to attract companies.) Any help or advice would be greatly appreciated! Thank you.
To rent or buy depends entirely on the number crunching to see which is best based on their budget and plans. All commercial leases are negotiable as appearing mainly deals with leasehold improvements, which are made by owner and increases your rent and you should negotiate a better income if you make improvements and increase the value of the property. In general, the testimony of building is available to the owner, yet it must guarantee the content and consider a business interruption insurance. Permit for construction should not be a problem, but we must follow the codes construction and make the improvements required by the city. There are limits to what you can do to a historic building in most cities. You should know all this before signing a lease. At this level of investment that would be a good idea to contact a business lawyer and a good start for a good accountant to advise them. There are too many obstacles to blindness or the advice of foreigners.
Commercial Real Estate Video Tour Sample
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Empire: A Tale of Obsession, Betrayal, and the Battle for an American Icon $24.95 Each day over 4,000 people take the elevator up to the observatory of the Empire State Building to catch a minute of glory. What almost none of them have known–until now–is just how many people have fought to own outright the crown jewel beneath them, and the chaos that these trophy hunters have caused. “Over the years,” writes Wall Street Journal reporter Mitchell Pacelle, “the Empire State Bui… |